1. Understanding Manufactured Housing in Rural Communities
Kate Davidoff, Ph.D.
June 6, 2019
Rural LISC Seminar

2. Prosperity Now’s mission is to ensure everyone in our country has a clear path to financial stability, wealth and prosperity.

3. Housing challenges in rural areas
Affordability
Lower incomes and higher poverty rates
Poor quality housing
Older, more likely to be substandard
High energy cost
Contribute to health problems
Lack of access to affordable credit
Limited access to banking/less competition
In 2010, rural median incomes ($40,038) were 20 percent lower than the national median income ($50,046), and more than 23 percent less than median urban incomes ($51,998). In the aftermath of our recent economic crisis, the U.S. poverty rate was at its highest level since 1993 at 15.1 percent. The rural poverty rate was even higher — at 16.5 percent.
National Rural Housign coalition

4. Sullivan and Western Ulster County
All
Manufactured Housing
Population Total
103,566
9,995
%MH
9.7%
Housing Volume
71,452
6,742
9.4%
Percentage of MH owner about the same as All

5. Sullivan and Western Ulster County
All
Manufactured Housing
Median Income
$63,718
$44,111
Average Gas + Utilities (monthly)
$130
$ 150
Median Home Value
$180,000
$ 50,000
Median Owner Monthly Costs
$1,223
$ 943
Median Rent
$725
$ 964

6. Manufactured Housing More affordable than site built
Homes are not mobile
Energy efficient, high-quality homes are out there​
Cash sales important, especially for existing homes
At less than half the average cost per square foot of a site-built home,

7. Challenges to Manufactured Housing
Stigma
Financing
Resident Protections
Private Equity

8. Opportunities for Manufactured Housing
Family Promise Partners in Housing
Formerly homeless families transition into manufactured homes
Financial capability services provided
Partnerships with family- owned and resident-owned communities
Residents achieving one financial goal through financial capability services
Family Promise Affiliates build relationships with area MH Parks
Help Family Promise Affiliates acquire MH Units, through Technical Assistance
Anoka County, MN/Yellowstone Valley, MT
Improved Financial Well Being of Residents through:
Integration of enhanced financial capability services into case management
Partnership development with necessary stakeholders regarding acquiring and rehabbing manufactured units
Developing workplan for expansion of financial capability services through case management
Expanding staff capacity for addressing clients financial capability through financial education

10. I’M HOME conference